Myanmar – Dissolution of a Company under Insolvency Law

This newsletter provides an overview of the legal framework for dissolving companies under Myanmar's Insolvency Law 2020. It outlines key procedures applicable to voluntary and court-ordered winding-up, including the roles of directors, creditors, and insolvency practitioners.

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Key Takeaways:

1. Winding up a company
2. Types of Winding up a company

•  Voluntarily Winding Up
• Winding up by Court Order

3. Roles and Responsibilities of a Liquidator or Insolvency Practitioner under the Insolvency Law (2020)

• Appointment of a Liquidator
• Authority and Duties of the Liquidator
• Reporting Obligations